MACOM Acquires Aeroflex’s Diode Business from Cobham

Strengthens MACOM’s Leading Position in High-Performance RF and
Microwave Diodes

December 14, 2015 08:00 PM Eastern Standard Time

LOWELL, Mass.--(BUSINESS WIRE)--M/A-COM Technology Solutions Holdings, Inc. (NASDAQ: MTSI) (MACOM), a
leading supplier of high-performance analog RF, microwave,
millimeterwave and photonic semiconductor products, today announced that
it has acquired 100% of Aeroflex’s diode business for $38 million in
cash. The business had approximately $37 million in revenue for the
fiscal year ended December 31, 2014.

Commenting on the transaction, John Croteau, President and Chief
Executive Officer of MACOM, stated, “We expect that Areoflex’s business
will be extremely complementary to our existing product portfolio and
further extend MACOM’s leading position in high-performance diodes. We
believe that the transaction will provide meaningful scale advantages
for our diode business, and that once their facilities are fully
integrated, MACOM will be able to drive beneficial COGS efficiencies
that will make the transaction accretive to MACOM’s non-GAAP operating
margins and earnings per share.”

MACOM funded the purchase price of the acquisition with available cash.

A presentation with further information on the transaction is available
on MACOM's investor relations website at: http://ir.macom.com/

About MACOM:M/A-COM Technology Solutions Holdings, Inc. (www.macom.com)
is a leading supplier of high-performance analog RF, microwave,
millimeterwave and photonic semiconductor products that enable
next-generation Internet and modern battlefield applications. Recognized
for its broad catalog portfolio of technologies and products, MACOM
serves diverse markets, including high speed optical, satellite, radar,
wired and wireless networks, automotive, industrial, medical and mobile
devices. A pillar of the semiconductor industry, we thrive on more than
60 years of solving our customers' most complex problems, serving as a
true partner for applications ranging from RF to Light.

Headquartered in Lowell, Massachusetts, MACOM is certified to the
ISO9001 international quality standard and ISO14001 environmental
management standard. MACOM has design centers and sales offices
throughout North America, Europe, Asia and Australia.

MACOM, M/A-COM, M/A-COM Technology Solutions, M/A-COM Tech, Partners in
RF & Microwave, Partners from RF to Light, The First Name in Microwave
and related logos are trademarks of MACOM. All other trademarks are the
property of their respective owners.

Special Note Regarding Forward-Looking Statements:

This press release contains forward-looking statements based on MACOM
management's beliefs and assumptions and on information currently
available to our management. Forward-looking statements include, among
others, statements concerning the Metelics transaction, including those
regarding any potential benefits and synergies, efficiencies, future
operating results, perceived customer feedback, market position,
strategic plans, and financial and business expectations associated with
the acquisition, as well as any other statements regarding MACOM's
plans, beliefs or expectations regarding the transaction or its future
business or financial results. Forward-looking statements include all
statements that are not historical facts and generally may be identified
by terms such as "anticipates," "believes," "could," "estimates,"
"expects," "intends," "may," "plans," "potential," "predicts,"
"projects," "seeks," "should," "will," "would" or similar expressions
and the negatives of those terms.

Forward-looking statements contained in this press release reflect
MACOM's current views about future events and are subject to risks,
uncertainties, assumptions and changes in circumstances that may cause
those events or our actual activities or results to differ materially
from those expressed in any forward-looking statement. Although MACOM
believes that the expectations reflected in the forward-looking
statements are reasonable, it cannot and does not guarantee future
events, results, actions, levels of activity, performance or
achievements, including the successful integration of the Metelics
business or realization of any of the projected benefits of the
transaction. Readers are cautioned not to place undue reliance on these
forward-looking statements. A number of important factors could cause
actual results to differ materially from those indicated by the
forward-looking statements, including, among others, costs associated
with the acquisition, failure to achieve expected synergies, accretion
and other anticipated benefits of the transaction or to successfully
integrate the Metelics business, adverse reactions to the acquisition by
employees, customers, suppliers or competitors of either MACOM or
Metelics, greater than expected dilutive effect on earnings from the
transaction or failure to comply with applicable covenants related to
MACOM's outstanding indebtedness, lower than expected demand in any or
all of our primary end markets or from any of our large OEM customers
based on the acquisition, macro-economic weakness or otherwise, failures
or delays by any customer in winning business or to make purchases from
us in support of such business, lack of adoption or delayed adoption by
customers and industries we serve of GaN, Indium Phosphide lasers, or
other solutions offered by us, failures or delays in porting and
qualifying GaN or Indium Phosphide laser process technology to
our Lowell, MA fabrication facility or third party facilities, lower
than expected utilization and absorption in our manufacturing
facilities, lack of success or slower than expected success in our new
product development efforts, loss of business due to competitive
factors, product or technology obsolescence, customer program shifts or
otherwise, lower than anticipated or slower than expected customer
acceptance of our new product introductions, the potential for increased
pricing pressure based on competitive factors, technology shifts or
otherwise, the impact of any executed or abandoned acquisition,
divestiture or restructuring activity, the impact of supply shortages or
other disruptions in our internal or outsourced supply chain, the
relative success of our cost-savings initiatives, the potential for
inventory obsolescence and related write-offs, the expense, business
disruption or other impact of any current or future investigations,
administrative actions, litigation or enforcement proceedings we may be
involved in, and the impact of any claims of intellectual property
infringement or misappropriation, which could require us to pay
substantial damages for infringement, expend significant resources in
prosecuting or defending such matters or developing non-infringing
technology, incur material liability for royalty or license payments or
prevent us from selling certain of our products, as well as those
factors described in "Risk Factors" in MACOM's filings with
the Securities and Exchange Commission (SEC), including its Annual
Report on Form 10-K for the fiscal year ended October 2, 2015 as filed
with the SEC on November 24, 2015. MACOM undertakes no obligation to
publicly update or revise any forward-looking statement, whether as a
result of new information, future events or otherwise.